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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

Addition on account of cash deposit in the bank account - ...


Unexplained Cash Deposits Increase Taxable Income; Taxpayer's Gift Claim Lacks Evidence, Leading to Scrutiny.

June 16, 2017

Case Laws     Income Tax     AT

Addition on account of cash deposit in the bank account - unexplained sources - Anyhow if the claim of assessee may be considered favourably for receipt of marriage gift and birthday gift, assessee would have spent some expenditure on those celebrations but no evidence in this regard has also been filed. - AT

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